Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: isopatch who wrote (84850)	1/20/2001 8:47:18 PM
From: gamesmistress	Read Replies (2) of 95453

Would you want ExxonMobil to do your LT planning? :-/ money.iwon.com Utilities No Longer Safe Haven Saturday January 20, 2:46 PM EST Fund manager Don Cox left a meeting with Exxon Mobil executives last September shaking his head, knowing he would stay as far away as possible from California utilities. During the meeting in downtown Chicago, four executives from Exxon Mobil Corp. (XOM), the world's No. 1 energy company, told Cox to expect natural gas prices to fall to just $1 per million British thermal units (mmbtu). His conclusion? Even the industry's top brass couldn't see the coming power crisis, one that would hit California's utilities particularly hard. .

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